HomeCo rebrands, positions to become alternative asset manager

After listing on the Australian Securities Exchange (ASX) in October 2019, Home Consortium has announced a rebrand to HMC Capital with a declared ambition to become Australia’s leading alternative asset manager.
The company announced its move to the ASX today claiming the new name HMC Capital better reflected its growth prospects as a fund manager.
HMC Capital currently managers of $5 billion in external assets under management via its two listed real estate investment trusts (REITs) – the Home Co Daily Needs REIT and the HealthCo Healthcare and Wellness REIT.
Commenting on the rebrand and strategy, HMC Capital Group managing director and chief executive, David Di Pilla said it represented a step in the firm’s journey to become a diversified alternative asset manager.
“The proposed establishment of HMC Capital Partners Fund 1 this year will provide another platform to accelerate our growth and take advantage of increased market volatility by targeting unique high conviction investment opportunities,” he said.
The ASX announcement said that with the head company’s rebranding to HMC Capital, the original HomeCo branding would be assumed by the existing REITs managed by HMC Capital.
Or, an accountant that sets up 300 SMSFs when unlicensed, "its the tax office, ohh I mean the client (who…
Accountants have done something very well for a very long time, and that's deflecting the blame to other parties. It's…
There’s an irony to a “profession” who laud their importance and professionalism not wanting to dob in others when they…
Just what value to Dealer groups Offer? ... Clearview seems to be the smart one here, exiting advice and "eventually"…
The real story behind this is that the PwC scandal, provides the impetus for the Parliament to throw out due…